| REVENUES |
REVENUES The following tables provide additional details related to the Company’s Revenues by segment for the three months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Digital Assets | | Data Centers | | Treasury and Corporate | | June 30, 2025 | | | | | Digital assets sales | | $ | 8,564,980 | | | $ | — | | | $ | — | | | $ | 8,564,980 | | | | | | Fees | | 19,087 | | | — | | | (2,095) | | | 16,992 | | | | | | Blockchain rewards | | 42,550 | | | — | | | (1,388) | | | 41,162 | | | | | | Proprietary mining | | — | | | — | | | 944 | | | 944 | | | | | | | Revenues from contracts with customers | | $ | 8,626,617 | | | $ | — | | | $ | (2,539) | | | $ | 8,624,078 | | | | | | | | | | | | | | | | | | | Blockchain rewards from non-customers | | 1,205 | | | — | | | 4,038 | | | 5,243 | | | | | | Lending | | 27,923 | | | — | | | 4,311 | | | 32,234 | | | | | | Total revenues | | $ | 8,655,745 | | | $ | — | | | $ | 5,810 | | | $ | 8,661,555 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Digital Assets | | Data Centers | | Treasury and Corporate | | June 30, 2024 | | | | | Digital assets sales | | $ | 8,785,677 | | | $ | — | | | $ | — | | | $ | 8,785,677 | | | | | | Fees | | 19,607 | | | — | | | 6,921 | | | 26,528 | | | | | | Blockchain rewards | | 37,142 | | | — | | | 538 | | | 37,680 | | | | | | Proprietary mining | | — | | | — | | | 16,312 | | | 16,312 | | | | | | | Revenues from contracts with customers | | $ | 8,842,426 | | | $ | — | | | $ | 23,771 | | | $ | 8,866,197 | | | | | | | | | | | | | | | | | | | Blockchain rewards from non-customers | | 674 | | | — | | | — | | | 674 | | | | | | Lending | | 15,873 | | | — | | | 147 | | | 16,020 | | | | | | Total revenues | | $ | 8,858,973 | | | $ | — | | | $ | 23,918 | | | $ | 8,882,891 | | | | | |
The following tables provide additional details related to the Company’s Revenues by segment for the six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Digital Assets | | Data Centers | | Treasury and Corporate | | June 30, 2025 | | | | | Digital assets sales | | $ | 21,414,548 | | | $ | — | | | $ | — | | | $ | 21,414,548 | | | | | | Fees | | 33,667 | | | — | | | (5,158) | | | 28,509 | | | | | | Blockchain rewards | | 123,250 | | | — | | | (10,976) | | | 112,274 | | | | | | Proprietary mining | | — | | | — | | | 12,180 | | | 12,180 | | | | | | | Revenues from contracts with customers | | $ | 21,571,465 | | | $ | — | | | $ | (3,954) | | | $ | 21,567,511 | | | | | | | | | | | | | | | | | | | Blockchain rewards from non-customers | | 2,260 | | | — | | | 8,347 | | | 10,607 | | | | | | Lending | | 53,549 | | | — | | | 6,094 | | | 59,643 | | | | | | Total revenues | | $ | 21,627,274 | | | $ | — | | | $ | 10,487 | | | $ | 21,637,761 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Digital Assets | | Data Centers | | Treasury and Corporate | | June 30, 2024 | | | | | Digital assets sales | | $ | 18,042,855 | | | $ | — | | | $ | — | | | $ | 18,042,855 | | | | | | Fees | | 38,461 | | | — | | | 16,195 | | | 54,656 | | | | | | Blockchain rewards | | 45,393 | | | — | | | 2,561 | | | 47,954 | | | | | | Proprietary mining | | — | | | — | | | 36,440 | | | 36,440 | | | | | | | Revenues from contracts with customers | | $ | 18,126,709 | | | $ | — | | | $ | 55,196 | | | $ | 18,181,905 | | | | | | | | | | | | | | | | | | | Blockchain rewards from non-customers | | 3,584 | | | — | | | — | | | 3,584 | | | | | | Lending | | 31,249 | | | — | | | 1,525 | | | 32,774 | | | | | | Total revenues | | $ | 18,161,542 | | | $ | — | | | $ | 56,721 | | | $ | 18,218,263 | | | | | |
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